Description
Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. All occupied units are on month to month leases and are paying below market rents. Great upside potential for new owner. Property has been in the same family for many years and is now a great opportunity for new management. Retail store rented for $900/mo. Residential units rented for a total of $1,130 for month. Bar was previously rented for $2000/month and is now vacant. All leases are month to month and verbal agreements. Seller may opt for 1031 exchange. Buyer to cooperate with seller 1031 exchange if necessary. Parking is accessed through a shared driveway.
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2BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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3,753SQFT
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$240$/SQFT
School Ratings & Info
Description
Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. All occupied units are on month to month leases and are paying below market rents. Great upside potential for new owner. Property has been in the same family for many years and is now a great opportunity for new management. Retail store rented for $900/mo. Residential units rented for a total of $1,130 for month. Bar was previously rented for $2000/month and is now vacant. All leases are month to month and verbal agreements. Seller may opt for 1031 exchange. Buyer to cooperate with seller 1031 exchange if necessary. Parking is accessed through a shared driveway.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.